Mercer Gold Reports 14 Meters of 2.12 Grams per ToDENVER, Nov.24, 2010 /PRNewswire/ -- Mercer Gold Corporation ("Mercer Gold"or the "Company") (OTC Bulletin Board: MRGP, AN4.F Frankfurt) announces the receipt of positiveresults from its first analyzed drill hole from the Guayabales GoldProject in the Marmato District in Caldas Department, Colombia.
Hole MGDH-01Aintercepted 14 meters grading 2.12 grams per tonne within a zone of 22meters in length grading 1.59 grams per tonne. The best value in theZone was 6.6 grams per tonne over 2 meters between 42 and 44 meters.MGDH-01A was drilled as a replacement for Hole MGDH-01, whichexperienced less than satisfactory recovery in the area of interest andwas subsequently lost at 107 meters. MGDH-01A re-drilled through thearea of interest to a depth of 70 meters. Intervals with weightedaverages of gold content and estimated true widths are shown in thetable below.
James Stonehouse, Mercer's Country Manager in Colombia states, "The zone is thicker inthis area than predicted, which is good. This data will help us guidesubsequent drilling better into this important target area."
| Interval | Length (m) | Est. True Width (m) | Grams/tonne | |
| 30-44 | 14 | 11.6 | 2.12 | |
| 24-44 | 20 | 16.6 | 1.71 | |
| 22-44 | 22 | 18.2 | 1.59 | |
| | | | |
Hole MGDH-01Aand recently completed Hole MGDH-02 were targeted to determine trueorientations of the previously described Encanto Target Zone and toprove vertical continuity to this important target area. The EncantoZone is one of four significant target areas to be tested in the current5000-meter program of drilling underway at Guayabales. Subsequentdrilling will test deep, Marmato-type mineralization, a porphyry targetdelineated by geologic mapping and sampling, and an anomalous Silver andarsenic area outlined in previous geochemical sampling.
Rahim Jivraj, Mercer's President and CEOstates, "We're excited to get positive drill results from this first,relatively short drill hole. These assays offer early validation of ourconcept at Guayabales and are even better than expected. I am lookingforward to the further results from the drilling that is already underway."
Comments onSampling, Assaying, and QA/QC: Mercer's samples were collected inaccordance with accepted industry standards and procedures. The programwas carried out by Mercer personnel under close geologic supervision.Samples were submitted using in-house QA/QC protocols employingcommercially purchased standards to Acme Laboratories commercialpreparation laboratory in Medellin, Colombia.